Under Rs 100: Back-to-Back Upper Circuit Stock Rallies 40 per cent After Securing Rs 2,33,44,665 Order; Must-Watch

The company’s shares have delivered an impressive multibagger returns of over 225 per cent in just 1 year.

The shares of NMS Resources Global Ltd have given an impressive rally of around 40 per cent after securing a significant order worth Rs 2.33 crore. On June 24, 2024, the company was awarded a work order to construct a Government Higher Primary School at K.E.B Colony in Raichur District. This followed the tender by Bharat Electronics Limited, a Government of India enterprise under the Ministry of Defence, as per the memorandum of understanding dated September 2, 2023, signed between the group company. The total value of the work order amounted to Rs. 2,33,44,665.32 (Rupees Two Crore Thirty-Three Lakhs Forty-Four Thousand Six Hundred Sixty-Five and Paise Thirty-Two Only), inclusive of GST. The entire project was expected to be completed within fifteen (15) months from the commencement date of work.

NMS Resources Global Ltd operates within the realms of Trading & Consultancy Services. Originally involved in the food processing and commodity supply sectors, the company now focuses on contracting services such as Civil Construction, Pre-Engineered Buildings, Skill Development, Financial Consultancy, and Engineering Services. Additionally, NMS Resources Global Ltd offers dedicated supply and marketing teams for telecom provider companies.

Share Performance:

Today NMS Resources Global Ltd shares closed the day at Rs 69.89 per share. The company’s current market capitalization stands at Rs 21.01 crore. The stock has delivered a multibagger return of over 220 per cent in just 1 year only.

Investors must keep this micro-cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.